Leggett & Platt (LEG) Projected to Post Quarterly Earnings on Thursday

Leggett & Platt (NYSE:LEG) is projected to issue its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $1.03 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Leggett & Platt Stock Up 0.9 %

Shares of LEG stock opened at $10.44 on Thursday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -1.74 and a beta of 1.12. Leggett & Platt has a 12-month low of $9.18 and a 12-month high of $23.45. The firm has a fifty day moving average of $10.64 and a 200-day moving average of $11.91. The company has a quick ratio of 0.84, a current ratio of 1.48 and a debt-to-equity ratio of 2.13.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LEG. The Goldman Sachs Group decreased their price objective on Leggett & Platt from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Truist Financial lowered their price target on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Finally, Piper Sandler raised Leggett & Platt from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $11.00 to $13.00 in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.00.

About Leggett & Platt

Leggett & Platt, Inc engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.